What’s at the Center of the Debate Over Herbalife
BY STEVEN M. DAVIDOFF
In the wake of the bombshell announcement that Daniel S. Loeb’s Third Point has taken an 8.9 percent stake in Herbalife after the company’s shares were shorted by William A. Ackman of Pershing Square, the question is: Which very rich hedge fund manager is right?
Is Herbalife a pyramid scheme as Mr. Ackman alleges and the nutritional supplements company heatedly denies, or is it a growth business model as Mr. Loeb seems to be betting?
via What’s at the Center of the Debate Over Herbalife – NYTimes.com.